According to Crypto Rover, the Texas Bitcoin Reserve Bill SB21 has cleared the House committee and is set for a final floor vote, with plans for the state to buy $500 million in Bitcoin annually (source: Twitter, @rovercrc, May 8, 2025). This legislative move signals growing institutional adoption and could drive significant demand for Bitcoin, impacting liquidity and price trends across the broader cryptocurrency market. Traders should monitor this development closely, as large-scale state-level purchases may lead to increased volatility and bullish sentiment for BTC and related crypto assets.